Meyer's avatar
Meyer Meyer@primal.net 1 month ago
I don’t understand the obsession with custodial and non custodial lightning wallets Most normies will never have a self custodial on chain setup let alone self custodial lightning setup Lightning is for spending and people should not be shamed for using convenient solutions to spend bitcoin We should be working to onboard as many people as possible to these solutions as long as they understand the risks and they know not to keep more than the cash they keep on their wallet in a custodial setup. The more people we have using lightning the bigger crowd we have the more we can say fuck you to the government that the monero clowns seem to be so worried about
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Replies (7)

OceanSlim's avatar
OceanSlim oceanslim@happytavern.oslim.dev 1 month ago
If they are onboarding to a custodian, they are not on boarding in my opinion. I don't shame them. I also agree with you that normies won't have a node. That's the problem with lightning. And I agree we should be working to on board as many people. I think lightning is a bad way to do it. That's the disagreement. Lightning will never be for normies. That doesn't mean push them to custodial lightning. It means come up with a solution normies CAN use custodially.
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OceanSlim's avatar
OceanSlim oceanslim@happytavern.oslim.dev 1 month ago
Lemme just ask. Do you have a lightning node? If no, why not? Too much capital requirement? Too hard in general? Running a lightning node is almost like a full time job if you want it to actually work right and get bigger. That's exactly the problem. If it's too much for a normies to run, we need a different solution. Do you understand the obsession with shaming ETFs? Why? It's the same thing imo. Bitcoin you don't own. Just like with a custodial lightning wallet.
2 replies ↓
Default avatar
npub1ah3a...l76e 1 month ago
Custodial in this case destroys privacy benefits that LN could offer and it will keep people dumb. Trusting third parties forever.
Fênix's avatar
Fênix Fenix@stacker.news 1 month ago
I'm in favor of this, introduce the normies with what they are familiar with, custody. custodial LN are useful even if you have your node because you can take advantage using levels of privacy or expense management. anyway I think the first step for anyone in bitcoin is learn about it, onchain self custody, because they supposedly haven’t enough or know nothing to starting expending in the payment network. if they want, custodial is there, 0-config channels from a LSP too as @ZEUS provides by Olympus, but its a high graduation in my opinion.
sister_sam's avatar
sister_sam sister_sam@primal.net 1 month ago
You don't understand the difference between owning your crypto and someone else effectively owning it because they have the freaking keys? I think you understand this in general. Also there is loss of privacy when most go for custodial holding of their funds, especially as more and more KYC regulations are heaped on top of that. Sort of a big deal.
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